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The Florida Real Estate Bust
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If you want to see the madness and the grisly aftermath of the U.S. housing boom and bust, look at Florida. It’s not alone. Vegas, Phoenix, San Diego, Detroit — they’ve all got horror-story numbers now. But the biggest home price drops in the country were in Miami last year.

Empty condos, collapsing values. The heart of the Florida meltdown — in Miami, the southwest, the Gulf Coast — could be Exhibit A for what went wrong in American real estate.

The condo vultures are out now. And there’s a story to tell.

This hour, On Point: Florida real estate, and the great American meltdown.

Guests:

Wayne Archer, executive director of the Bergstrom Center for Real Estate Studies at the University of Florida.

Peter Zalewski, founder of Condo Vultures, a real estate investment consulting firm.

Mike Larson, real estate analyst for Weiss Research.

Susan MacManus, professor of political science at University of South Florida.

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Oct 31, 2014
Nurse Kaci Hickox, right, and her boyfriend, Ted Wilbur are followed by a Maine State Trooper as they ride bikes on a trail near her home in Fort Kent, Maine, Thursday, Oct. 30, 2014.  (AP)

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Doc Sportello (Joaquin Phoenix) and Sauncho Smilax (Beninico del Toro) share a drink in a scene from the upcoming Paul Thomas Anderson film, "Inherent Vice," an adaptation of the Thomas Pynchon novel of the same name. (Courtesy Warner Bros. Entertainment)

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Nurse Kaci Hickox, right, and her boyfriend, Ted Wilbur are followed by a Maine State Trooper as they ride bikes on a trail near her home in Fort Kent, Maine, Thursday, Oct. 30, 2014.  (AP)

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